Goodwill and Other Intangible Assets (Tables)
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9 Months Ended |
Sep. 30, 2016 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Summary of Reconciliation of Change in Carrying Value of Goodwill |
A summary of the net carrying value of goodwill at September 30, 2016 and December 31, 2015, is as follows (in thousands): | | | | | | | | | | Nine months ended September 30, 2016 | | Year ended
December 31, 2015 | Goodwill - gross carrying amount | 485,054 |
| | 390,655 |
| Accumulated impairment losses | — |
| | — |
| Goodwill - net carrying amount | $ | 485,054 |
| | $ | 390,655 |
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The following is a reconciliation of the change in the carrying value of goodwill for the nine months ended September 30, 2016 by operating segment (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Corporate (1) | | 5.11 | | Ergobaby | | Liberty | | Manitoba Harvest | | ACI | | Arnold (2) | | Clean Earth | | Sterno | | Total | Balance as of January 1, 2016 | $ | 8,649 |
| | $ | — |
| | $ | 41,664 |
| | $ | 32,828 |
| | $ | 52,673 |
| | $ | 58,019 |
| | $ | 51,767 |
| | $ | 111,339 |
| | $ | 33,716 |
| | $ | 390,655 |
| Acquisition of Northern International Inc. | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 5,980 |
| | 5,980 |
| Acquisition of Phoenix Soil (3) | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 3,212 |
| | — |
| | 3,212 |
| Acquisition of EWS (3) | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 3,313 |
| | — |
| | 3,313 |
| Acquisition of BabyTula (3) | — |
| | — |
| | 13,193 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 13,193 |
| Purchase adjustments - HOCI | — |
| | — |
| | — |
| | — |
| | (10,579 | ) | | — |
| | — |
| | — |
| | — |
| | (10,579 | ) | Acquisition of 5.11 (3) | — |
| | 76,186 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 76,186 |
| Foreign currency translation | — |
| | — |
| | — |
| | — |
| | 3,094 |
| | — |
| | — |
| | — |
| | — |
| | 3,094 |
| Balance as of Sept. 30, 2016 | $ | 8,649 |
| | $ | 76,186 |
| | $ | 54,857 |
| | $ | 32,828 |
| | $ | 45,188 |
| | $ | 58,019 |
| | $ | 51,767 |
| | $ | 117,864 |
| | $ | 39,696 |
| | $ | 485,054 |
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| | (1) | Represents goodwill resulting from purchase accounting adjustments not "pushed down" to the ACI segment. This amount is allocated back to the respective segment for purposes of goodwill impairment testing. |
| | (2) | Arnold Magnetics has three reporting units PMAG, FlexMag and Precision Thin Metals with goodwill balances of $40.4 million, $4.8 million and $6.5 million, respectively. |
| | (3) | The goodwill related to the acquisitions of 5.11 Tactical, and the acquisitions of Phoenix Soil and EWS by Clean Earth and Baby Tula by Ergobaby is based on a preliminary purchase price allocation. |
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| Summary of Other Intangible Assets |
Other intangible assets are comprised of the following at September 30, 2016 and December 31, 2015 (in thousands):
| | | | | | | | | | | | | | September 30, 2016 | | December 31, 2015 | | Weighted Average Useful Lives | Customer relationships | | $ | 308,336 |
| | $ | 212,454 |
| | 13 | Technology and patents | | 51,953 |
| | 38,230 |
| | 9 | Trade names, subject to amortization | | 129,007 |
| | 25,003 |
| | 15 | Licensing and non-compete agreements | | 8,645 |
| | 6,024 |
| | 5 | Permits and airspace | | 110,624 |
| | 98,673 |
| | 13 | Distributor relations and other | | 606 |
| | 606 |
| | 5 | | | 609,171 |
| | 380,990 |
| | | Accumulated amortization: | |
| |
| | | Customer relationships | | (76,803 | ) | | (62,679 | ) | | | Technology and patents | | (23,393 | ) | | (16,481 | ) | | | Trade names, subject to amortization | | (6,053 | ) | | (4,639 | ) | | | Licensing and non-compete agreements | | (6,637 | ) | | (5,913 | ) | | | Permits and airspace | | (19,651 | ) | | (12,313 | ) | | | Distributor relations and other | | (606 | ) | | (606 | ) | | | Total accumulated amortization | | (133,143 | ) | | (102,631 | ) | | | Trade names, not subject to amortization | | 72,986 |
| | 72,328 |
| | | Total intangibles, net | | $ | 549,014 |
| | $ | 350,687 |
| | |
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| Summary of Estimated Charges to Amortization Expense of Intangible Assets |
Estimated charges to amortization expense of intangible assets over the next five years, is as follows (in thousands):
| | | | | | July 1, 2016 through Dec. 31, 2016 | | $ | 19,454 |
| 2017 | | 43,542 |
| 2018 | | 43,046 |
| 2019 | | 42,162 |
| 2020 | | 41,916 |
| | | $ | 190,120 |
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